The British Royalty Estate: The Most Expensive Home In The World, Buckingham Palace

October 1, 2023
4 mins read
Most expensive home in the world, Buckingham Palace

An extravagant multimillion-dollar home is a prize for living, especially if it is lovely and turns out to be the most expensive home in the world. Due to their opulent amenities, interior design, and surroundings, certain affluent houses around the world are magnificent. The most costly residence in the world at the moment is Buckingham Palace in London. 

No matter how many luxurious mansions and eye-catching tower complexes oligarchs and billionaires construct throughout the world, nothing can compare to the worth of Buckingham Palace, the official abode of the British monarch.

The royal house in the centre of London will be the most valuable property in the world in 2022 with an estimated worth of more than £4 billion. Only Villa Leopolda, the opulent residence of Russian billionaire Mikhail Prokhorov on the Cote D’Azur of the French Riviera, and the ultra-modern Antilia tower in Mumbai, India, where the Ambanis reside, came close to challenging this 18th-century palace as the most expensive property in the world. 

Let’s delve into learning a little more about the most expensive home in the world- Buckingham Palace.

Also Read: World’s 10 most expensive homes 

Details about the most expensive home in the world- The Buckingham Palace

History of the Buckingham Palace

Most expensive home in the world, Buckingham Palace

George III bought Buckingham House in 1761 to give his wife, Queen Charlotte, a suitable family residence close to St. James’s Palace, the location of frequent court sessions. As soon as George IV became king in 1820, he began converting the residence into a palace with the help of architect John Nash.

Instead, the King insisted on a £450,000 budget, which the House of Commons ultimately voted to grant. Nash increased the size of the main block by constructing a huge suite of rooms on the garden side that faced west. The building’s flowing Bathstone facade showed George IV’s fondness for French neoclassicism.

Present scenario of the Buckingham Palace

Most expensive home in the world, Buckingham Palace

The vast 829,000 square foot Buckingham Palace has 775 rooms in all. The household staff has access to 78 baths, 92 offices, and 188 bedrooms. The town appears to be self-sufficient due to the presence of amenities including a church, post office, indoor pool, staff cafeteria, doctor’s office, and theatre, to name a few. 

Buckingham Palace Interiors

The Entrance

Most expensive home in the world, Buckingham Palace

The main entrance is located in the Quadrangle of the inner courtyard. The Queen enters and exits the palace via this door. Important event attendees are sent to the main entrance before entering the main Hall as well.

The Gardens

Most expensive home in the world, Buckingham Palace

The Queen hosts approximately 30,000 guests annually in the most expensive mansion in the world, located in the back garden of Buckingham Palace. More than 350 species of wildflowers, 200 different types of trees, and a three-acre body of water may be found on the 39 acres of the gardens.

The Staircase

Most expensive home in the world, Buckingham Palace

One of the first view is that of the Grand Staircase leading to the upper floors. The walls are covered with old photographs of British royal family members, and the stairs are carpeted in crimson.

The Centre Balcony

Most expensive home in the world, Buckingham Palace

The balcony outside the Centre Room, where members of the Royal Family frequently appear, is visible from the East Facade of Buckingham Palace.

Centre Room

Most expensive home in the world, Buckingham Palace

Beyond the balcony is the Centre Room, also known as the Chinese Lunch Room, which houses the most expensive mansion in the world and is furnished in Chinese regency style.

Drawing Room in yellow

Most expensive home in the world, Buckingham Palace

This was constructed for Queen Victoria to host events and has a balcony. Prior to the visit of Napoleon III and his wife Eugenie in 1855, the room was adorned with yellow silk, earning it the nickname.

Also Read: 10 most expensive luxury hotels for beach vacations

Private Audience Room

Most expensive home in the world, Buckingham Palace

This beautiful parlour at Buckingham Palace hosts a special audience with the Queen. In this parlour with soft blue walls, rich oak floors, and a wall of photos of her family, Her Majesty welcomes guests. 

A Ballroom

Most expensive home in the world, Buckingham Palace

This ballroom, which amazing artwork adorning the walls, lofty ceilings, and gorgeous crimson carpets, is where all the royal officials hold the official and unofficial feasts. The ballroom is where investiture ceremonies happen.

The Room 1844

Most expensive home in the world, Buckingham Palace

Her Majesty routinely hosts audiences and prominent guests in the 1844 Room, one of Buckingham Palace’s chambers. With its beautiful marble blocks, gold wall mirrors, classically patterned rugs, and blue and gold chairs, the great room is nothing short of a spectacle.

Music Room

Most expensive home in the world, Buckingham Palace

The christenings of the royal children- Prince Charles, Princess Anne, and Prince Andrew, and the nuptials of Prince William and Kate Middleton were all held in the Music Room at Buckingham Palace.

Throne Room

Most expensive home in the world, Buckingham Palace

One of Buckingham Palace’s most iconic rooms, The Throne Room, has hosted balls, inaugurations, and official wedding photos following Prince William and Kate Middleton’s nuptials. 

The Picture Gallery

Most expensive home in the world, Buckingham Palace

The Picture Gallery at Buckingham Palace is home to the magnificent works of art from the Royal Collection. The King’s relics were built in the 47-metre space. Most of the paintings displayed at the show were created by Flemish, Dutch, and Italian painters during the 17th century. Some of the painters mentioned include Claude Monet, Titian, Rembrandt, Rubens, Van Dyck, and Rubens. 

Some unknown amazing facts about Buckingham Palace

Most expensive home in the world, Buckingham Palace

  • Buckingham Palace has hosted tens of thousands of guests over the years. With 775 total rooms, it is simple to see why. There are 52 royal and guest rooms, 188 staff rooms, 78 bathrooms, and 19 staterooms. 
  • The Queen of England is one of many people present in the ballroom. The Duke and Duchess of Cambridge and their kids reside there. The royal household and more than 800 staff members reside in the most opulent residence in the world. 
  • The original Buckingham House was restored into its present form by renowned architect John Nash. All agreed that Nash’s Buckingham Palace was a masterpiece, but it cost money. By the time the renovation of the building was done in 1828, he had gone £496,169 over budget. After George IV’s death, Nash got fired for making things unnecessarily expensive. 
  • Nine bombs were dropped on the castle during the Second World War, which started in 1939. The Palace Chapel’s demolition in 1940 received the most media attention. This incident was screened in theatres across the United Kingdom to highlight the plight of the wealthy and the underprivileged.
  • An automated teller machine (ATM) from Coutts & Co., is now found in the basement of Buckingham Palace.
  • Among the other amenities are 78 restrooms, a post office, a theatre, a café, and a movie theatre.

Final Thoughts

That is all there is to know about the most expensive home in the world, Buckingham Palace. In addition to being the most expensive, Buckingham Palace, home to centuries’ worth of royal antiques, is the most beautiful and recognisable one.

Also Read: World’s 10 most expensive pets

Small town girl with big dreams. Pursuing her Masters degree in Journalism from Symbiosis Institute of Media and Communication, and aiming towards being a Travel Journalist. An avid reader, dancer and ever ready to pen down thoughts. Always up for binge watching and chai on repeat. A travel enthusiast, dog-lover, foodie, patron of art and culture. Preacher of the following vision by Vincent Van Gogh, "What is done in love, is done well".

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